Health Insurance Health Insurance or medical insurance is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance, risk is shared among many individuals. By estimating the overall risk of health risk and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement.
Insurance Business To provide our customers wide range of financial and bancassurance services, our Bank has entered into Corporate Agency Tie Ups with Life, Non-Life and Health Insurance Companies to help with the insurance penetration in the rural customer base of the Bank which will provide financial support and reduce uncertainties that individuals and businesses face at every step of their lifecycles. This will help provide an ideal risk mitigation mechanism against events that can potentially cause financial distress to individuals and businesses and it also provides support to the families during medical emergencies. Health Insurance Companies c Care Health Insurance Limited Unit linked plans are not allowed.Under General Insurance i.e. Non life, bank shall solicit and procure retail lines of general insurance products and commercial lines of Insurance Companies having a total sum insured not more than Rs. five Crore per risk for all insurances combined.
